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Linn Energy LLC Outlook Revised To Positive From Stable; Ratings Affirmed
Standard & Poors, May 2011
U.S. energy exploration and production company Linn Energy continues to expand liquids production and reserves. We expect average debt leverage to improve, and distribution coverage should improve. We affirmed our 'B+' corporate credit rating on the company and assigned a 'B' issue rating to the proposed senior unsecured notes. We revised the outlook to positive to reflect the potential for an upgrade in the next year if Linn can maintain debt leverage of 3.5x or less. NEW YORK (Standard & Poor's) May 10, 2011--Standard & Poor's Ratings Services said today it affirmed its 'B+' corporate credit rating on Linn Energy LLC and revised the outlook to positive from stable. At the same time we assigned a 'B' rating to Linn's...
Companies mentioned in this report are: Linn Energy LLC,Linn Energy Finance Corp.
Action: Outlook: Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Linn Energy LLC,Linn Energy Finance Corp.